Though color me skeptical:

James Cameron is set to direct “Avatar,” his first dramatic feature since the Oscar-winning blockbuster “Titanic” in 1997. Fox Filmed Entertainment chairmen Jim Gianopulos and Tom Rothman said Monday that Cameron will start virtual photography on the sci-fi epic in April, with live-action photography commencing in August, for a summer 2009 release. It will be filmed in a new digital 3-D format for release in 3-D. The director already has spent years in R&D on the multiple processes needed to create a $190 million hybrid of live action and animation, which he vowed will never pass the $200 million mark. “I’ve been the busiest unemployed director in Hollywood,” he said. “We’re going to blow you to the back wall of the theater in a way you haven’t seen for a long time. My goal is to rekindle those amazing mystical moments my generation felt when we first saw ‘2001: A Space Odyssey,’ or the next generation’s ‘Star Wars.’ It took me 10 years to find something hard enough to be interesting.” Said Rothman: “Jim has taken the time to get it right, and we’re taking the time to do it right. It’s worth the wait.”